Lannett
Company, Inc. (AMEX:LCI) plunged 14.31% to $5.03. The company announced
that it has priced an underwritten public offering of an aggregate of 5,000,000
shares of its common stock at a price to the public of $5.00 per share. The
Company has offered 2,500,000 shares of common stock and a selling stockholder
of the Company has offered 2,500,000 shares of common stock.
The offering is expected to close on or about December 17, 2010.
The
stock has average daily volume of 87K shares. At current market price, the
market capitalization of the company stands at $127 million.
Dynex
Capital, Inc. (NYSE:DX) fell 1.95% to $10.55 on unusual volumes. The company
announced that it plans to offer, 5,000,000 shares of its common stock in an
underwritten public offering. The Company also plans to grant the underwriters
an option for 30 days to purchase up to an additional 750,000 shares of common
stock. JMP Securities LLC is the sole bookrunner for the offering and Sterne,
Agee & Leach, Inc. is a co-manager for the offering.
The
stock opened at $10.49 and is trading within the range of $10.42-$10.66. The
stock jumped more than 20% year-to-date.
International
Coal Group, Inc. (NYSE:ICO) slumped 12.38% to $7.15. The company
announced the pricing of a registered underwritten offering of 12,268,700 and
22,577,800 shares of the Company's common stock by affiliates of each of WL
Ross & Co. and Fairfax Financial Holdings Limited, respectively.
The stock has average daily volume of 2.99 million shares.
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